EMGS was in 2002 the first company to successfully apply marine CSEM technology to the search for hydrocarbons. Since then, the Company have successfully commercialised the technology and turned it into an effective, environmentally benign exploration method that can significantly increase drilling success rates.
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company’s services enable the integration of EM data with seismic and other geophysical and geological information to give exploration experts a clearer and more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs per barrel.
2002
Served areaWorldwide
HeadquartersKarenslyst Alle 4, 0278 Oslo – Norway
Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Assets | N/A | 54,269,000.00 | 40,162,000.00 | 42,681,000.00 |
Noncurrent Assets | N/A | 27,911,000.00 | 20,121,000.00 | 18,439,000.00 |
Construction In Progress | N/A | 3,000.00 | 3,000.00 | 3,000.00 |
Other Intangible Assets | N/A | 939,000.00 | 422,000.00 | 106,000.00 |
Other Noncurrent Receivables | N/A | N/A | 0.00 | 2,693,000.00 |
Noncurrent Finance Lease Receivables | N/A | 141,000.00 | 72,000.00 | 0.00 |
Current Assets | N/A | 26,357,000.00 | 20,041,000.00 | 24,241,000.00 |
Inventories | N/A | 4,726,000.00 | 3,813,000.00 | 4,158,000.00 |
Current Trade Receivables | N/A | 6,246,000.00 | 1,267,000.00 | 7,898,000.00 |
Other Current Receivables | N/A | 3,142,000.00 | 3,759,000.00 | 506,000.00 |
Cash and cash equivalents | 19,731,000.00 | 4,179,000.00 | 9,855,000.00 | 11,434,000.00 |
Other Cash And Cash Equivalents | N/A | 4,179,000.00 | 9,855,000.00 | N/A |
Current Restricted Cash And Cash Equivalents | N/A | 7,995,000.00 | 1,278,000.00 | 196,000.00 |
Current Finance Lease Receivables | N/A | 68,000.00 | 68,000.00 | 49,000.00 |
Equity And Liabilities | N/A | 54,269,000.00 | 40,162,000.00 | 42,681,000.00 |
Equity | 15,971,000.00 | -7,417,000.00 | -2,514,000.00 | 8,681,000.00 |
Retained Earnings | N/A | -77,361,000.00 | -72,433,000.00 | -61,232,000.00 |
Other Reserves | N/A | -1,544,000.00 | -1,570,000.00 | -1,575,000.00 |
Liabilities | N/A | 61,686,000.00 | 42,677,000.00 | 33,999,000.00 |
Noncurrent Liabilities | N/A | 47,942,000.00 | 29,629,000.00 | 19,601,000.00 |
Noncurrent Provisions | N/A | 9,625,000.00 | 4,812,000.00 | 0.00 |
Longterm Borrowings | N/A | 31,816,000.00 | 24,295,000.00 | 19,484,000.00 |
Current Liabilities | N/A | 13,744,000.00 | 13,048,000.00 | 14,398,000.00 |
Trade And Other Current Payables To Trade Suppliers | N/A | 1,461,000.00 | 1,981,000.00 | 2,928,000.00 |
Current Tax Liabilities Current | N/A | 4,035,000.00 | 3,376,000.00 | 3,025,000.00 |
Line item in (usd) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
---|---|---|---|
Revenue | 24,916,000.00 | 28,874,000.00 | N/A |
Revenue From Interest | N/A | 28,000.00 | 388,000.00 |
Other Revenue | 5,642,000.00 | 5,304,000.00 | 4,751,000.00 |
Revenue From Contracts With Customers | 11,503,000.00 | 7,634,000.00 | 13,561,000.00 |
Employee Benefits Expense | 9,818,000.00 | 3,012,000.00 | 3,884,000.00 |
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 7,439,000.00 | 0.00 | N/A |
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 7,439,000.00 | 0.00 | N/A |
Profit Loss From Operating Activities | -17,728,000.00 | 9,209,000.00 | 13,115,000.00 |
Profit Loss Before Tax | -22,715,000.00 | 5,339,000.00 | 11,146,000.00 |
Income Tax Expense Continuing Operations | 671,000.00 | 417,000.00 | -46,000.00 |
Profit (loss) | -23,385,000.00 | 4,922,000.00 | 11,192,000.00 |
Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
---|---|---|---|---|
Profit (loss) | N/A | -23,385,000.00 | 4,922,000.00 | 11,192,000.00 |
Adjustments For Finance Costs | N/A | 4,787,000.00 | 3,498,000.00 | 2,730,000.00 |
Adjustments For Decrease Increase In Inventories | N/A | 3,536,000.00 | 913,000.00 | -345,000.00 |
Adjustments For Increase Decrease In Trade Account Payable | N/A | -6,793,000.00 | 520,000.00 | 947,000.00 |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | N/A | 7,439,000.00 | 0.00 | 0.00 |
Adjustments For Sharebased Payments | N/A | 10,000.00 | 6,000.00 | 4,000.00 |
Other Adjustments To Reconcile Profit Loss | N/A | -21,611,000.00 | 55,000.00 | -1,388,000.00 |
Cash Flows From Used In Operating Activities | N/A | -1,850,000.00 | 23,649,000.00 | 16,560,000.00 |
Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 620,000.00 | 90,000.00 | 317,000.00 |
Purchase Of Intangible Assets Classified As Investing Activities | N/A | 1,134,000.00 | 2,659,000.00 | N/A |
Cash Flows From Used In Investing Activities | N/A | -1,754,000.00 | -2,749,000.00 | -1,953,000.00 |
Repayments Of Borrowings Classified As Financing Activities | N/A | 0.00 | 6,000,000.00 | 4,297,000.00 |
Payments Of Lease Liabilities Classified As Financing Activities | N/A | 8,043,000.00 | 6,206,000.00 | 6,157,000.00 |
Other Inflows Outflows Of Cash Classified As Financing Activities | N/A | 208,000.00 | 28,000.00 | N/A |
Cash Flows From Used In Financing Activities | N/A | -11,947,000.00 | -15,225,000.00 | -13,027,000.00 |
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -15,552,000.00 | 5,676,000.00 | 1,580,000.00 |
Cash and cash equivalents | 19,731,000.00 | 4,179,000.00 | 9,855,000.00 | 11,434,000.00 |
Please note that some sums might not add up.
NO0010358484
LEI5967007LIEEXZXI7OG55
SectorOil & Gas Equipment & Services
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